/KASE, December 23, 09/ - The Kazakhstan Stock Exchange (KASE) informed
that on December 23, 2009 KASE held special trades to place government
short-term treasury bonds of the Kazakhstan Finance Ministry (MEKKAM)
on the terms as below (discount bonds, Almaty time).
ISSUE PARAMETERS:
----------------------------------- -------------------
Security type: MEKKAM-12
National identification number: KZK1KY011024
Issue order number: 102 / 12
KASE trade code: MKM012_0102
Nominal value, tenge: 100.00
Payment date: December 23, 09
First circulation date: December 23, 09
Last circulation date: December 23, 10
Maturity date: December 23, 10
Circulation term: 365 days
Time base: actual / actual
----------------------------------- -------------------
PLACEMENT TERMS:
----------------------------------- -------------------
Declared placement volume, m tenge: 13,000.0
Trade subject: bond price
Market order acceptance ratio, %: 70
Order submission method: closed
Order receipt time: 09:00-11:00
Order confirmation time: 09:00-11:30 (Т+0)
Striking time: till 15:00 (Т+0)
Payment time: till 15:00 (Т+0)
Limit order acceptance method: at submitted price
Market order acceptance method: at weighted average
----------------------------------- -------------------
ASK PARAMETERS:
----------------------------------- -------------------
Traders - primary dealers: 19
Submitted orders (total / active): 72 / 64
including:
- limit: 55 / 51
- market: 17 / 13
Active orders*, m tenge: 43,493.6
Ask to bid, %: 348.1
Price on submitted price, % (all / active):
- minimum: 93.4579 / 93.4579
- maximum: 97.0874 / 97.0874
- weighted average: 96.1088 / 96.0995
Yield on submitted orders, % APR (all / active):
- minimum: 3.0000 / 3.0000
- maximum: 7.0001 / 7.0001
- weighted average: 4.0487 / 4.0588
--------------------------------------------------------
* active orders - orders, not annulled by traders
at expiry of order submission, including those confirmed
by Confirmation System participants.
PLACEMENT RESULTS*:
--------------------------------------------------------
Accepted orders, bonds: 208,000,000
Accepted orders, tenge: 20,142,990,939.99
Accepted orders, % of plan: 160.0
Price in accepted orders, %:
- minimum (striking): 96.6184
- maximum: 97.0874
- weighted average: 96.8413
Yield to maturity for buyer, % APR:
- minimum: 3.0000
- maximum: 3.5000
- weighted average: 3.2617
--------------------------------------------------------
Pension funds submitted 34.6 % orders, Kazakh STB - 43.5 %, STB clients -
15.8 %, brokerage and dealer companies - 0.7 %, their clients - 5.4 %.
According to Central Securities Depository all deals on placement of MEKKAM-12
of 102nd issue by the end of settlement on trade results were executed. 34.2 %
of orders were purchased by pension funds, 55.8 % - STB, 3.6 % - STB clients,
6.4 % - clients of brokerage and dealer companies.
MEKKAM sold by the Kazakhstan Finance Ministry shall automatically be
admitted to circulation on the KASE secondary market under the trade code as in
the table.
The text of the Rules on issue, placement, circulation, service and maturity of
government treasury obligations of the Republic of Kazakhstan is available on the
KASE website at
http://www.kase.kz/files/mix/newgko.pdf
The text of the Rules on placement of government treasury obligations of the
Republic of Kazakhstan is available on the KASE website at
http://www.kase.kz/files/normative_base/mekam_placement_eng.pdf
[2009-12-23]